‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS report

by Aurelia Butler 18 November 2023, 22:40 169 Views

The authors used a “money view” of stablecoin and an analogy with onshore and offshore USD settlement to probe the weaknesses of stablecoin settlement mechanisms.

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS report

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